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• Marathon Louisiana Refinery Back On Line
  Marathon Petroleum's 596,000 barrel-per-day (bpd) Garyville,...

  Marathon Petroleum's 596,000 barrel-per-day (bpd) Garyville, Louisiana refinery resumed normal operation on Thursday after production was cut back nearly a week ago, a company spokesperson said.

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• Energy Sector Commentary
  Energy stocks opened higher by...

  Energy stocks opened higher by more than 1% as oil prices continue to jump higher, on track to reach fresh 2023 highs on tight supplies. A slightly stronger-than-expected August nonfarm payrolls report pulled futures off their highs as the market is seeking some weakening of economic data to put the Fed on hold.

  
  

  Oil prices jumped by more than 1% on Friday and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies.

  
  

  Natural gas futures are higher by more than 1%.

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• Dorchester Minerals Acquires Texas Mineral and Royalty Interests
  Dorchester Minerals LP completed an acquisition of mineral and royalty interests totaling ...
  Dorchester Minerals LP completed an acquisition of mineral and royalty interests totaling approximately 3,355 gross acres and 568 net royalty acres located in three Texas counties, the company said in an Aug. 31 press release.
  
  The transaction is structured as a non-taxable contribution and exchange. The contributing entities involved in the transaction conveyed their interests to Dorchester in exchange for 374,000 common units representing limited partnership interests in Dorchester Minerals. The transaction, based on the company’s Aug. 30 share price, has a value of roughly $10 million.
  
  Dorchester Minerals is a Dallas-based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests in 28 states.
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• U.S. employers added 187,000 jobs in August, a steady pace of hiring, and the unemployment rate rose to 3.8 percent.
  The United States added 187,000 jobs in August...

  The United States added 187,000 jobs in August but the unemployment rate jumped unexpectedly, reflecting the impact of high interest rates and the U.S. economy’s gradual cooling from the boom that followed pandemic lockdowns.

  
  

  The data, reported Friday by the Labor Department, is the latest indication that hiring has weakened over the summer. After a run of 29 months in which job growth never dipped below 200,000, seasonally adjusted, the last three months have all fallen short of that mark.

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• ☕️What Else is Brewing Friday Morning
  Residents of Florida, Georgia, and the Carolinas have begun the lengthy cleanup process after ...
  Residents of Florida, Georgia, and the Carolinas have begun the lengthy cleanup process after Tropical Storm Idalia crossed into the Atlantic Ocean.
  
  Joe Biggs, a leader of the far-right Proud Boys and a former Infowars correspondent, was sentenced to 17 years in prison for his role in the Jan. 6, 2021, Capitol riot. Zachary Rehl, who led the group’s Philadelphia branch, was sentenced to 15 years.
  
  Former President Trump pleaded not guilty in his mugshot-tinged criminal case in Georgia over his alleged efforts to overturn the state’s election results. A Georgia judge confirmed that his trial will be televised.
  
  At least 74 people died in a building fire in Johannesburg, South Africa. South African President Cyril Ramaphosa said the tragedy was a “wake-up call” to address housing in the inner city.
  
  Kylie Jenner, who sold 51% of her Kylie Cosmetics line to Coty for $600 million in 2020, is considering buying it back, per Bloomberg. Jenner’s relationship with the beauty giant has reportedly been going downhill.
  
  
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